Michael M. Moriarty

Partner

Michael has extensive experience representing not-for-profit organizations and financial institutions. He represents a variety of foreign and domestic banks and other lending institutions in lending transactions, as well as loan restructurings, workouts, foreclosures and other asset recovery matters. He also represents for-profit and not-for-profit housing developers and operators of assisted living and independent senior citizen housing communities as well as skilled nursing facilities. Financing for these projects have utilized a combination of low-income housing tax credits, market-rate construction loans, tax-exempt bonds and take-out financing through commercial lenders, the New York State Housing Finance Agency, and the New York State Dormitory Authority.

Mr. Moriarty has also acted as special senior housing counsel for Battery Park City Authority and has extensive experience in the area of privatization of New York State regulated public housing authorities.

Mr. Moriarty also provides general corporate and lending advice to the transportation industry, as well as many other corporate clients of the firm.

Select Representative Matters

  • Served as counsel to National Asset Management Agency (NAMA, Ireland) in a significant victory in the New York Supreme Court regarding NAMA's efforts to enforce a €270 million ($351 million) Irish court judgment against an Irish developer's U.S.-based assets.
  • Represented a large European bank in the $178 million restructuring of a multi-state portfolio of commercial mortgage real estate loans, simultaneously with a restructuring of other distressed commercial real estate assets in Europe.
  • Represented a large European bank in the refinancing of an existing $126 million mortgage loan on a Class A, architecturally noted office building on Pennsylvania Avenue in Washington, DC.
  • Represented a for-profit developer in connection with the issuance by the Orange County Funding Corporation of $35.5 million in revenue bonds, the proceeds of which were used to finance the acquisition, construction and equipping of a new 130-unit assisted living facility for low-income elderly persons.
  • Represented a large not-for-profit healthcare system in connection with the sale of a 520-bed skilled nursing facility located in New York City.
  • Represented a for-profit family-owned healthcare campus, including a skilled nursing unit, acute care beds, memory impaired facility and other related healthcare service providers in connection with the sale of its operations to various healthcare entities. The sale included the transfer of all real estate and operating assets.
  • Engaged by independent board committees of transportation and education corporations to conduct fraud investigations targeting insider financial abuse. Investigations included engagements of forensic accountants and extensive employee interviews with reports and recommendations delivered to boards of directors of the corporations.

Pro Bono

For eight years Mr. Moriarty served as Chairman of the United States Military Academy Nominating Committee for the Second Congressional District in New York. He is Chairman of the Board of Trustees of The De LaSalle School, a scholarship middle school for disadvantaged young men located on Long Island and serves as a Trustee for St. Patrick's Home, as well as The Catholic Foundation for the Archdiocese of New York.

Authored & Quoted

Accolades

Mr. Moriarty was named to the Irish Legal 100 of 2014, an annual international list created by The Irish Voice Newspaper to honor the superior achievements of practitioners who are of Irish descent.



Michael M. Moriarty

MICHAEL M. MORIARTY